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Get filing alertsHEICO expands credit facility to $2.2B, extends maturity to 2031, releases subsidiary guarantees
Filed June 17, 2026 · Period ending June 11, 2026 · ~1 min read
Key Changes
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Increased revolving credit facility capacity by $200M to $2.2B total and extended maturity from 2026 to June 2031, providing enhanced financial flexibility and a longer runway for corporate needs.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Released all subsidiary guarantees on the credit facility and on outstanding senior notes (5.250% due 2028, 5.350% due 2031), simplifying the guarantee structure and potentially providing operational flexibility.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Modified interest rate calculation to be based on published credit ratings for senior unsecured long-term debt, directly tying borrowing costs to the company's creditworthiness as assessed by rating agencies.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
Summary
HEICO executed a fourth amendment to its credit agreement that expands its financial capacity and simplifies its capital structure. The company increased its revolving credit facility from $2.0 billion to $2.2 billion while extending the maturity date five years to June 2031. This provides HEICO with additional borrowing capacity and removes near-term refinancing risk.
The amendment also released all subsidiary guarantees on both the credit facility and the company's outstanding senior notes. This structural simplification may provide HEICO's operating subsidiaries with greater operational flexibility while maintaining the parent company's access to capital.
The interest rate methodology was updated to tie directly to the company's published credit ratings, creating a transparent link between borrowing costs and creditworthiness. For a company with HEICO's investment-grade profile, this represents a routine refinancing that strengthens its financial position.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 15, 2026 · How we verify